InnVest offers a distribution reinvestment plan ("DRIP"). The DRIP provides eligible unitholders with the opportunity to reinvest their cash distributions, on each distribution payment date, in additional Units. The DRIP provides InnVest discretion to purchase Units on the open market or to be issued from treasury. If InnVest elects to issue Units from treasury, unitholders who elect to participate in the DRIP will receive 3% bonus units in addition to any Units issued to them under the DRIP.
InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of 110 hotels across Canada representing over 14,500 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada.
InnVest's units and convertible debentures trade on the Toronto Stock Exchange (the "TSX") under the symbols INN.UN, INN.DB.E, INN.DB.F and INN.DB.G.
Denise Achonu
Vice President, Finance Tel: (416) 607 2333
Website: www.innvestreit.com
InnVest Real Estate Investment Trust issued this content on 21 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 March 2016 21:06:29 UTC
Original Document: http://www.innvestreit.com/file.aspx?f=0316 Mar Distribution.pdf